Sustainable value in the knowledge economy

Whenever Mary Adams comments on Crossderry (thanks, Mary), I always make a point to work through my Google Reader inventory of her posts (here also).  She posted briefly (here) on Jay Deragon’s post (here) and comment thread — including some from McKinsey reps — wondering how valuable McKinsey’s “Premium” offering is.

I dropped the “Premium” subscription myself a few years ago, but I do return to mckinsey.quarterly.com pretty regularly.   However, I’ve seen certain articles that stand out — in the way that McKinsey consulting stands out — by being on point, detailed, yet well-written and digestible (unlike some of the academic work Jay refers to).  I know I’m missing something, but I’m not sure its worth $150/year.

In such cases, it would be nice to have the option to buy a single article (like HBR… hint, hint).  Not sure of the price point, but I could see myself making a $5-$10 “impulse” buy for the right piece.

Patenting Business Processes (and in general)

I’ve always thought the idea of patenting business processes was almost ridiculous on its face.  So many of the famous process patents, like the one-click Amazon patent, seemed to fail the non-obviousness test.  Sadly, the US Patent Office appeared to become another victim of regulatory capture.

Hat tip to Mary Adams (here) for pointing out that recent court rulings are tightening up the granting of such patents, at least.  She links to good posts on the topic here and here.

Social Media ROI and Strategy Alignment

I’m not sure that there are many answers — at least for our line of business — but these posts got me thinking about the value of some Enterprise 2.0 initiatives we’ll be kicking off shortly. 

Fluent Simplicity lays out the basic value/return problems here.  Social media initiatives often happen because everyone is doing them, and focusing on fads and fashion doesn’t make for long-term thinking (see my take on Tom Davenport’s pessimistic take on Web 2.0 here).  However, Enterprise 2.0 can’t be treated the same way.  Firms are reluctant to go “all-in” on social media because…

[f]or most organizations, this activity is not tied to strategic goals and is not adequately measured in a meaningful way. 

Frogloop has a ROI calculator (here) that got me thinking about how to build the business case for my initiatives.  I’m not sure how well I’ve thought through the intangible benefits (e.g., retention), which probably will have the biggest strategic impact.  I’ve been focused on the productivity and publicity gains only, which were simple.  A little more Excel modeling may be in order!

Hat tip: Mary Adams at IC Knowledge Center

Value of Project Management Study

One of my first duties with the PMI Global Corporate Council was to give feedback and input to Janice Thomas, who was planning PMI-sponsored research into the value of project management.  After more than three years, it was great to see the first findings made public in Warsaw earlier this year.

The study itself, Researching the Value of Project Management, will be released soon.  Smartly, PMI released a preview PDF (here) and a 90 minute presentation by the lead authors Janice Thomas and Mark Mullaly, PMP (embedded here).

Mary Adams over at Hybrid Vigor will be particularly interested in the attention paid to intangible benefits (Crossderry posts here, here, and here) in the study, which Kelley Hunsberger highlighted (here).

Q2 Inbound Links and Comments — Thanks and Kudos

Links and comments are the about the only way for me to know if I’m writing something interesting, useful, or at least provocative.  I appreciate each and every one.

Thanks to the following folks for linking to Crossderry this past quarter…

  • The folks over at relentless PR, especially Leo Bottary (here and here)
  • Bas at Project Shrink (here)
  • Scott Middleton (here)
  • Mary Adams at Hybrid Vigor (here)
  • Rafael at Better Projects (here)
  • Miguel at eme ka eme (here)

Also, thank you to those who commented… (many of the folks above commented as well, but I won’t duplicate)

  • Vinnie Mirchandani at Deal Architect (here)
  • Charles Green at Trusted Advisor (here)
  • Jonathan Becher at Manage by Walking Around (here)
  • Michael Krigsman at IT Project Failures (here)
  • Patti Choby (here)
  • Rich Maltzman at Scope Crepe (here)
  • Markus at Leadership Briefing (here)
  • One of the gang at PM Think (here)
  • Craig Brown at Better Projects (here)
  • Bill at Projects Possible (here)
  • lazymale at lap31 (here)

Apologies if I missed anyone…  Thanks again, Paul

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